NRG Energy Agrees to Buy Edison Mission for $2.6 Billion

NRG Energy Inc., one of the biggest electricity producers in the U.S., said it is buying out of bankruptcy the coal plants, wind farms and other assets of an Edison International unit for $2.6 billion in stock and cash.

NRG said slightly more than $1 billion of the cash will come from what is on hand at the unit, Edison Mission Energy. The $2.6 billion total also includes about $350 million in stock NRG will issue as part of the...